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Labor Smart has reported to SEC again. See TSGL news.
Who do you mean by "the whole gang"?
Branches sold to TSGL are: Charlotte, Indianapolis, Nashville and Raleigh.
10K this week. Don't expect too much. The main changes have taken place in 2016.
If you look at the ad carefully, it is clear that it is not for their own call center.
How do you know that Schadel is putting together a case?
How easy can it be? I take it that Mr Schadel has evidence of the note amendment. Then why not ask Tailwind for proof of selling part of the note to Maese. If it is provided, then pay Maese his 15k. If not, we know he's a fraud.
As a co-owner I would like to prevent lawsuits that aren't necessary. They cost a lot of money which can be used for far better causes.
He already has controlling interest with 51 preferred shares of LTNC and 1 preferred share of TSGL.
A while ago someone suggested on the LTNC board there might be a deal between SHOM and Labor Smart.
Labor Smart will come with news this Friday.
What is the exact status of the Montgomery branch? It is not mentioned on the Labor Smart Locations page, but appears in the job adverts.
By the way, isn't it time to update the website? There is incorrect information on certain pages, there are still two different logos and the cross-linking between LTNC, TSGL and Skill Corps is not there.
So this means that the os increased by 220 million shares. This is not how it should be.
If 42% is nearly 50%, you are right. I don't consider myself a sucker, though.
They need to find investors for TSGL first........
Lam86, thanks for your sensible, realistic view!
Latest two tweets Ryan Schadel interesting!!
This is a kind of chess match, in which Mr Schadel made a couple of bad moves. In order to regain a winning position he can't afford making one single mistake anymore. That's where his advisers come in handy.
But what is the status of this advisory board? In what sense did they really "join" Labor Smart? Are they getting paid for their advice? Shares? Options? Cash? Are they consulted individually or do they come together once in a while? Will they share their network and influence on the market? Why no real Board of Directors instead of Advisory Board (= without legal responsibilities)?
Tempbuddy, a successful Irish company, developed the software for the new Skill Corps app, which is about to be launched. The impact might be huge, as you don't need branches to connect companies to temp workers. Moreover, it is possible to work nationwide.
By the way, some time ago Labor Smart bought Tempbuddy shares worth $100000.
Come on, if all shareholders (as co-owners of the company) would sacrifice 5% of our shares, the result would be far better than what you propose.
I haven't heard any speculation so far on Mr Schadel's intention to have a R/S for TSGL. What could be his plan behind that?
Reverse stock split Staffing Group
In my life I made some pretty serious mistakes (bought a house far too expensive so that I had to sell at a loss, drove my car total loss, had some investment losses), but thanks to working hard and making the right decisions I can live a pretty luxurious life again. This took time, however.
In my opinion Mr Schadel is in the same situation: he made some pretty serious mistakes, but he is working hard and (with the help of people in his advisory board)is hopefully making the right decisions. That's why it is not correct to point at earlier mistakes all the time. The situation now is completely new, but to profit from it might take some time.
The situation now may cause people to have too positive expectations, which I would like to warn against. My experience is that there is no success without quite some sacrifice. Let me give you an example to think about. What would you do if Mr Schadel would ask: Hey, folks, listen, I am willing to give up a billion of my shares in a share buy back action, if you longs sacrifice 10% of your shares? Or: would you dare to donate 1000 bucks into crowdfunding, if that means that the shareprice will rise eventually?
So here we are: let's have reasonably positive expectations about tomorrow's news, but remember: No guts, no glory!
Interesting sentence from (new?) Staffing Group website:
We not only have simple, ready-to-implement solutions for almost every problem, we have the patents for them, too.
www.staffinggroupltd.com
I tried to do some DD on LTNC's latest move and it raises a couple of questions: Pour Les Enfant LLC (sic) is registered at an address connected to Brent Callais, former director of The Staffing Group.
Did they buy all outstanding shares, so also the shares that LTNC bought in the company? Labor Smart invested a little more than $245000 in The Staffing Group. Does that leave us with an empty shell with controlling vote ready to be sold again? What would be the value of such a shell?
Is Staff Fund I LLC a subsidiary of LTNC or of The Staffing Group? I can't find any information about this.
So in my opinion there is a lot to be explained here. Interesting times for us longs!
From Finance.yahoo.com:
Grand Opening of the First Office Opened Under This Licensing Agreement Between The Staffing Group and Labor Smart
Much depends on the "value" of the company. Suppose it's worth 20m, then the share price would be about 0,0027.
Nice end of fiscal year for Labor Smart.
Merry Christmas to all.
Bravo, lbyrd! Exactly my idea!
In one of his tweets Mr Schadel writes that LTNC has 1712 NOBO's: non objecting beneficial owners, i.e. beneficial owners who give permission to a financial intermediary to release their name and address to the company or issuer in which they have bought securities. Companies and issuers request this personal information so they can contact the shareholder regarding important shareholder communications.
Does Labor Smart have a branch in Montgomery AL? If not, why are they asking for a branch manager and customer service representative there?
Unbelievable and completely unacceptable!!
New branch in Miami??
Map shows 19 branches, location list 20.
Theoretically Tempbuddy's software should be very profitable for Skill Corps (and Labor Smart): it gives them the opportunity to work nationwide, without having too many offices and employees. What I don't understand is why Mr Schadel doesn't advertise this development better. There will be enough time before the outcome of the lawsuit, which is not expected before April 2016.
When and to whom did he say that?
LaborSmart goes national: www.skillcorps.com
Talking about DD: the company's website has shown only 29 branches for some months now.....
Please don't try to fool people. Provide recent information, not from 2014.
Website shows 29 locations. Closed one location? Sold it?
See the following website:
https://www.wilmerhale.com/blog/ipo/post/?id=17179872655
Seven new subsidiaries per 2 March 2015. What are the plans?